Withings Raises $30 Million From Bpifrance, Idinvest, and 360 Capital
Withings is a health and wellness company that builds smart devices and applications. Withings has raised $30 million from Bpifrance, Idinvest Partners, and 360 Capital Partners. Withings’ historical investor Ventech also participated in this round. Clipperton Finance advised Withings in this round of funding.
This is one of the largest venture capital rounds that Bpifrance was a part of. Withings will be using the funding to accelerate their international expansion and support innovation.
“Big Data analytics is creating insight that was only dreamt of a few years ago. The new funds will enable Withings to accelerate and drive this revolution. We are stepping up our R&D programs to push for more innovation in into more beautiful products, and reinforcing our marketing muscles and partnerships to gain new markets in this booming sector,” stated Withings co-founder and chairman Eric Carreel.
Founded in 2008,, Withings has developed a comprehensive eco-system around digital health. Withings created Wi-Fi Body Scales in 2009 and built a series of devices that is designed to improve users’ lives including the Smart Blood Pressure Monitor and the Smart Baby Monitor. Withings also launched the first Internet-connected scale measuring heart rate and air quality called Smart Body Analyzer. Withings launched the Withings Pulse activity tracking segment device, which monitors a wide array of parameters like heart rate, distance covered, calories burned, sleep quality, etc.
“Quantified self is only the first wave of a much more profound health care revolution. Thanks to Withings solutions, users are gaining control over their personal health, and richer relationships are established between patients and healthcare professionals,” added Withings co-founder and general manager Cedric Hutchings.